Holyrood call for views on debt reforms

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PEOPLE hit by debt and bankruptcy were today asked to give their views on proposed new legislation being considered by the Scottish Parliament.

Holyrood’s Economy Committee is taking evidence on major reform of bankruptcy laws aimed at improving debt advice and financial education.

The Bankruptcy and Debt Advice (Scotland) Bill seeks to ensure access to debt advice, relief and management, secure the best return for creditors, and ensure that those in debt that can pay should pay.

Committee convener, Conservative MSP Murdo Fraser said: “We are aware of the financial hardship and pressure faced by many people.

“This legislation proposes a range of measures aimed at ensuring people get access to the right advice and information and are aware of the options available to them on debt and bankruptcy.

“There are a range of reasons why people get into financial difficulty and the committee is interested in hearing from individuals that have been affected by bankruptcy along with organisations and charities which support people in this area.”